Question

Use the budget.

Category Percent Budgeted Dollars Budgeted 3 Month Average
Housing 30% $1,350 $1,350
Utilities 15% $675 $675
Transportation 10% $450 $400
Food 15% $675 $650
Clothing 5% $225 $175
Entertainment 10% $450 $500
Savings 5% $225 $150
Health Care 5% $225 $225
Miscellaneous 5% $225 $485
Monthly Income 100% $4,500 $4,610

If the Jacksons cut their Transportation budget to $400\$ 400 per month, to the nearest percent, what percentage of their budget will be for Transportation?

Solution

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$400÷$4,500=0.09=9%\$400\div \$4,500=0.09=9\%

The percent is the budget divided by the total monthly income.

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